Stock market news, March 9 -- Rising crude oil prices are anticipated to put pressure on India's economy, negatively impacting the stock market and raising concerns about inflation, affecting the fiscal balance and the rupee while increasing import expenses for the world's third-largest oil importer.

Indian stocks are expected to experience a significant decline on Monday, March 9 following a surge of approximately 26% in oil prices during early trading, reaching their highest level since July 2022.

GIFT Nifty futures indicated a value of 23,760, suggesting a 2.8% decrease at the opening for the Nifty 50 compared to Friday's closing value of 24,450.45.

The escalating conflict between the US and Israel against Iran has raised concerns a...